But the change could also have a big impact on the city’s real estate landscape.

Cindy Martin, president of the new Alabama Media Group, said the new entity will be headquartered in Birmingham, but not necessarily in the current Birmingham News headquarters on Fourth Avenue.

She said the entity will offices in Huntsville, Mobile and Montgomery.

In 2011, the News owned six Birmingham parcels valued by the Jefferson County Tax Assessor’s Office at a total of $12.6 million.

Troy Niday, vice president of operations, told me the News doesn’t plan on selling any of its properties.

But another employee said the News could find some new uses for its main, 51,584-square-foot, four-story building at 2201 Fourth Ave. N. and its nearby parking lot, which are valued at about $12.5 million.

Of course, that could mean any number of things – even subleasing. According to real estate research site LoopNet.com, the building’s current tenants include the Associated Press and the Birmingham News Employees Credit Union.

Besides those properties, according to the assessor’s office, the News owns these: